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Illinois to Launch New Mortgage Assistance Program


After last year’s closing of the most successful down payment assistance program in Illinois history, the Illinois Housing Development Authority says it is planning to unveil an even better mortgage assistance program next month. The name and details surrounding the new program have not been revealed, but insiders say the program will make Illinois history by being the first mortgage assistance program to benefit both homebuyers and existing homeowners. According to an article in the Chicago Tribune the program, this “will be the first time the state has sought to assist homeowners by reducing their mortgage interest.”

To learn more about the program, read the entire article.

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